JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Stock Price Up 0.2% – Here’s What Happened

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) shares rose 0.2% on Thursday . The stock traded as high as $53.34 and last traded at $53.32. Approximately 1,661,080 shares were traded during mid-day trading, a decline of 55% from the average daily volume of 3,680,744 shares. The stock had previously closed at $53.22.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

The firm has a market capitalization of $20.88 billion, a P/E ratio of 30.59 and a beta of -0.84. The stock has a 50 day moving average of $55.84 and a 200-day moving average of $55.84.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, March 3rd were given a $0.4824 dividend. The ex-dividend date was Monday, March 3rd. This is a positive change from JPMorgan Nasdaq Equity Premium Income ETF’s previous dividend of $0.45.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 16.1% during the fourth quarter. JPMorgan Chase & Co. now owns 20,256,020 shares of the company’s stock worth $1,142,034,000 after acquiring an additional 2,805,860 shares in the last quarter. LPL Financial LLC lifted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 10.7% during the 4th quarter. LPL Financial LLC now owns 8,914,358 shares of the company’s stock worth $502,591,000 after purchasing an additional 860,019 shares in the last quarter. Bank of America Corp DE boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 15.9% in the 4th quarter. Bank of America Corp DE now owns 7,910,038 shares of the company’s stock worth $445,968,000 after purchasing an additional 1,085,222 shares during the period. Wells Fargo & Company MN grew its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 9.6% during the 4th quarter. Wells Fargo & Company MN now owns 5,695,705 shares of the company’s stock valued at $321,124,000 after buying an additional 498,270 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 0.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 3,241,092 shares of the company’s stock valued at $182,733,000 after buying an additional 8,393 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Company Profile

The J.P. Morgan Nasdaq Equity Premium Income ETF (JEPQ) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively-managed fund of US large-cap companies from the Nasdaq-100 Index, assessed and managed using ESG factors and a proprietary data science driven investment approach.